What Is Synapse Network (SNP)?
Synapse Network (SNP) is a platform for a new fund-raising world based on all smart contract blockchains. Synapse Network is a leading cross-chain acquisition ecosystem available for everyone with a standardized protocol. Also, the network is redesigned from scrape to permit financing at any stage of project growth. In addition, Synapse Network aims to convey the idea of a fully controlled financial institution supported by decentralized finance (DeFi) products.
Synapse has divided its product offering into two comprehensive streams—retail and institutional. The retail stream aims to deliver the retail financiers the ability to implant their traditional funds into DeFi products. And the institutional stream enables companies from traditional markets to use cryptocurrency as an exact acquisition vehicle and a transactional asset for their everyday functions.
According to the whitepaper, the Synapse Network seeks to solve the following issues, which affect early adopters of the technology:
Start-ups and small business people lack funds, the key to funding and communications.
Business people stay at the idea phase of their project due to insufficient funds.
Private financiers do not have the opportunity to implant in early rounds.
Financiers face inadequate information and are incapable of performing due perseverance on start-ups and founders.
SNP is a native token of Synapse Network. The DeFi Synapse platform permits users to stake SNP tokens to participate in Synapse Network events and earn worthy rewards. Users can stake SNP tokens and gain preferred levels, even a few minutes before any deal starts. Within a seven-day time frame, users can unstake tokens by paying a penalty fee. However, after 30 days of undisturbed staking, users can become a premium staker and earn additional SNP tokens.
History of Synapse Network (SNP)
Michal Domarecki is a cofounder and chief executive officer (CEO) of the Synapse Network ecosystem. Pawel Laskarzewski serves as chief executive officer (CEO) at the Synapse platform. The tokens' maximum supply is 500,000,000 SNP tokens.
